Internal Control

Overview

Different businesses, from small and medium enterprises to multinational corporations, must have appropriate control measures in order to secure compliance with respective standards, and to have more effective business operations. Employees and those in-charge of governance must realize the importance of control and its impact in the daily conduct of businesses. This program may be used as benchmark or start-up guide in the design and implementation of their own internal control system.

Objectives

● To be able to apply effective methods of preventing or spotting theft and irregularities.
● To teach management how to safeguard assets and to monitor true financial performance.
● To know the practical applications of internal control procedures.

Who Should Participate

● This webinar is designed for businessmen, managers, and authorized personnel who want to improve the internal control system of their company and enhance compliance.

Key Topics

I. Accounting Overview

a. Internal Control Definition
b. Internal Control Objectives

II. Components of Internal Control

a. Control Environment
b. Risk Assessment
c. Information and Communication
d. Control Activities
e. Monitoring

III. Limitations of Internal Control

IV. Real World Summary About the Significance of Internal Control

V. Tools For Sound Internal Control

Schedule: Click to view BusinessCoach Seminar Schedule »

Duration

3 hours (via ZOOM)

Requirements

• Mobile phone, tablet, computer, or laptop
• Download free ZOOM app
• Internet connection
• Good audio connection